Mirae Asset Global Investments Co. Ltd. lessened its position in shares of Capital One Financial Co. (NYSE:COF) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,941 shares of the financial services provider’s stock after selling 44,896 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Capital One Financial were worth $5,718,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $25,000. Better Money Decisions LLC purchased a new stake in shares of Capital One Financial in the first quarter worth about $25,000. Annapolis Financial Services LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $30,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth about $30,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Capital One Financial by 28.2% in the first quarter. Lindbrook Capital LLC now owns 323 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 71 shares in the last quarter. 91.23% of the stock is owned by institutional investors.
Several research firms recently commented on COF. Bank of America began coverage on Capital One Financial in a research note on Friday, June 4th. They issued a “buy” rating and a $192.00 price target on the stock. Credit Suisse Group boosted their price target on Capital One Financial from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Royal Bank of Canada boosted their price target on Capital One Financial from $140.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 28th. Wells Fargo & Company boosted their price target on Capital One Financial from $143.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Finally, Oppenheimer upped their price objective on Capital One Financial from $130.00 to $155.00 in a research note on Wednesday, April 28th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $150.47.
Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 27th. The financial services provider reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $2.86. The firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.02 billion. Capital One Financial had a return on equity of 12.76% and a net margin of 23.91%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted ($3.02) EPS. On average, sell-side analysts forecast that Capital One Financial Co. will post 19.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, May 14th. Capital One Financial’s dividend payout ratio is presently 27.63%.
In other news, insider Michael Slocum sold 6,354 shares of the firm’s stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $148.19, for a total transaction of $941,599.26. Following the completion of the sale, the insider now directly owns 63,042 shares of the company’s stock, valued at approximately $9,342,193.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank G. LapradeIii sold 31,903 shares of the firm’s stock in a transaction on Wednesday, April 14th. The stock was sold at an average price of $135.02, for a total value of $4,307,543.06. Following the sale, the insider now directly owns 95,812 shares of the company’s stock, valued at $12,936,536.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,248 shares of company stock valued at $14,196,884. Corporate insiders own 1.31% of the company’s stock.
Capital One Financial Profile
Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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